Latest in Sinclair Broadcast Group

Sinclair Broadcast Group, fresh from announcing its acquisition of 21 formerly Fox-owned regional sports networks that were sold off by Disney, reported mixed first-quarter financial results.
Earnings per share of 23 cents fell short of Wall Street analysts’ estimates and dropped nearly in half from the 42 cents…

UPDATE with closing stock price.Sinclair Broadcast Group stock hit the stratosphere on Monday — bucking the day’s downward trend on Wall Street to gain nearly 35% — as the company’s CEO touted the company’s deal to acquire the former Fox regional sports networks.
Shares in Sinclair rocketed to an all-time high of…

A day after Justin Gimelstob entered a no-contest plea to a violent Halloween 2018 attack on a man on the streets of West Los Angeles, the Tennis Channel is trying to figure out whether it wants him to come back or cut him loose.
"We are sure that Justin is pleased that this matter has been resolved,” a spokesperson…

Former CBS News correspondent Lara Logan has found a new home with Sinclair Broadcast Group, a conservative media giant with local stations around the country.
Logan has a 90-day assignment as a special correspondent focusing on the US-Mexico border, and will produce two segments a week for Sinclair’s 191 television…

Tribune Media shareholders overwhelmingly approved the company’s plan to be acquired by Nexstar Media Group during a special meeting today.
The $4.1 billion proposal won the OK of more than 95% percent of the votes cast by the Company's Class A common stockholders and Class B common stockholders, who voted as a single…

The YES Network, the most prominent of the 22 regional sports networks being unloaded by Disney as a condition of closing its 21st Century Fox acquisition, has been sold for $3.5 billion, according to multiple media reports.
The buyers of the 80% of YES controlled by Fox are said to be a group that includes the New…

An Administrative Law Judge reviewing Sinclair Broadcast Group’s ultimately unsuccessful effort to acquire Tribune Media at the FCC’s behest has dismissed the case with prejudice, urging a more thorough investigation of the matter.
Judge Jane Halprin issued an order today saying proceeding with hearings in the case…

Sinclair Broadcast Group CEO Chris Ripley declined to offer many new details about the company’s pursuit of Fox’s high-profile portfolio of regional sports networks during the company’s fourth-quarter earnings call. But anyone listening could tell the company remains very much in the mix.
In order to obtain regulatory…

Sinclair Broadcast Group cruised past Wall Street estimates for the political advertising-rich fourth quarter.
The company posted total revenue of $893.3 million, up more than 25% from the year-earlier quarter and better than the consensus outlook of analysts, which was a shade less than $880 million. Earnings per…

Nexstar, which has grown from a single radio station 23 years ago into what will soon be the No. 1 owner of local TV stations in the U.S., reported record revenue of $798 million in the fourth quarter.
Boosted by political ad spending, which was more than triple the level of the 2014 mid-term elections, total revenue…

While it remains a suitor for the portfolio of regional sports networks Disney will soon be unloading as a condition of getting its Fox acquisition to close, Sinclair Broadcast Group is taking a more novel path into the sports cable business.
The No. 1 owner of local TV stations, which already owns the Tennis Channel…

In the same week that NBCUniversal placed a big bet on ad-supported streaming, top local TV station owner Sinclair Broadcast Group has launched its long-gestating service Stirr.
The free, ad-supported offering inlcudes local, location-based content as well as 20 national networks, including Cheddar (finance), Buzzr…